C-Cube Message Board - Msg: 3068716

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Technology Stocks : C-Cube

CUBE 37.54

+1.5%

Nov 7 9:30 AM EST

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To: DiViT who wrote (27319)	12/31/1997 3:43:00 PM
From: Ed's Head	Read Replies (1) of 50808

David Nadalin: Each investor/trader has his or her own investment techniques. The charts have been a useful tool for me over the years. One of my favorite indicators is the Moving Average Line. A violation of this line can suggest or trigger buy or sell signals with many investors. The Charts can show where the money is going and can suggest areas of support or resistance. For example on 10-24-97 Cube closed at 27.5. At that weekly closing price Cube violated the ten week moving average line suggesting a time to sell if one is thinking on a shorter term basis. The next question then became, what area of support would be likely. The charts suggested the 16 or 17 area which had been established a few months before. So then I bought Cube in the 17 area expecting resistance to further declines based on previous resistance in that price area. The Charts at least with me are a useful tool used in combination with fundamentals. Yes it is possible for Cube to retest prior areas of resistance which took place long ago at the 8-10 dollar area. But it's also possible for Cube to retest it's old highs. I expect Cube to hold at these current levels and find support here and so I have slapped some money down on the table. However there are no guarantees ever in the stock market. It's Cube's fundamentals which has caused me to step up to the plate. This current price area is indeed important to hold from a technical viewpoint or lower prices could be possible. I'm not all that concerned about lower prices if Cube can't hold or build a base in this area. For what rule is there that says I can't buy more? I truly believe that at these current prices the reward potential far outweighs the risk potential. I agree with your thoughts that as we move into earnings season that Cube can rebound several points to the upside. Currently Cube's charts look dismal, however the MA line and price are converging together which may indicate that soon we rally over the next few weeks. Here is some further analysis: Mov Avg 1 line Indicator: Conventional Interpretation: Price is below the moving average so the trend is down. Bollinger Bands Indicator: The Bollinger Bands are indicating an oversold The market appears oversold, but may continue to become more oversold before reversing. Look for some price strength before taking any bullish positions based on this indicator. RSI Indicator: Conventional Interpretation: RSI is in neutral territory. (RSI is at 31.99). This indicator issues buy signals when the RSI line dips below the bottom line into the Volume Indicator: The current new low is not accompanied by increasing volume, suggesting that the current move lacks broad participation. Look for a rebound soon. Additional Analysis: The long term market trend, based on a 45 bar moving average, is DOWN. The short term market trend, based on a 5 bar moving average, is DOWN.The current new low is not accompanied by increasing volume, suggesting that the current move lacks broad participation. Look for a rebound soon. Stochastic - Fast Indicator: Conventional Interpretation: The stochastic is in oversold territory (SlowK is at 1.32; this indicates a possible market rise is coming. good luck c-ya!

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